Department of Space to get Rs 12,543.91 crore for FY24


New Delhi, Feb 1 (IANS): The government has proposed an allocation of Rs 12,543.91 crore to the Department of Space for year 2023-24.

The allocation is for the Department of Space and other organisations under it like the Indian Space Research Organisation (ISRO) and its centres, Indian National Space Promotion and Authorisation Centre - the regulator for the private sector space players - and others.

As per the Demands for Grants document, the allocation for the Department of Space for FY24 stands at Rs 12,543.91 crore, up from the revised estimates of Rs 10,530.04 crore for FY23.

The capital outlay for space research for FY24 stands at Rs 6,356.81 crore (RE FY23 Rs 4,553.15 crore).

The NewSpace India Ltd - the commercial arm of Department of Space - will get Rs 1 crore. The company had got an equity infusion of Rs 900 crore in FY22.

 

  

Top Stories


Leave a Comment

Title: Department of Space to get Rs 12,543.91 crore for FY24



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.